CertusBank in Greenville, S.C., is setting the stage to liquidate itself after agreeing to sell or close all of its remaining branches.
The $1.4 billion-asset bank said in a press release Monday that it will sell most of its Georgia and Florida branches to Community & Southern Bank in Atlanta. Community & Southern said in a separate release that it will gain $764 million in deposits and $230 million in loans, along with entry into Jacksonville, Fla., and the Georgia cities of Columbus and Macon.
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